Zkb Gold Etf Performance

ZKBGF Etf  USD 2,071  14.99  0.73%   
The entity owns a Beta (Systematic Risk) of -0.0059, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZKB Gold are expected to decrease at a much lower rate. During the bear market, ZKB Gold is likely to outperform the market.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in ZKB Gold ETF are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, ZKB Gold may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
  

ZKB Gold Relative Risk vs. Return Landscape

If you would invest  192,524  in ZKB Gold ETF on December 29, 2023 and sell it today you would earn a total of  14,622  from holding ZKB Gold ETF or generate 7.59% return on investment over 90 days. ZKB Gold ETF is currently producing 0.1211% returns and takes up 0.7903% volatility of returns over 90 trading days. Put another way, 6% of traded otc etfs are less volatile than ZKB, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Assuming the 90 days horizon ZKB Gold is expected to generate 1.12 times less return on investment than the market. In addition to that, the company is 1.39 times more volatile than its market benchmark. It trades about 0.15 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of volatility.

ZKB Gold Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for ZKB Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc etfs, such as ZKB Gold ETF, and traders can use it to determine the average amount a ZKB Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1533

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Estimated Market Risk

 0.79
  actual daily
6
94% of assets are more volatile

Expected Return

 0.12
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.15
  actual daily
11
89% of assets perform better
Based on monthly moving average ZKB Gold is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ZKB Gold by adding it to a well-diversified portfolio.

About ZKB Gold Performance

To evaluate ZKB Gold ETF OTC Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ZKB Gold generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ZKB OTC Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ZKB Gold ETF market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ZKB's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.